Trading is great vocation, but if you are working with digital currency like Bitcoin, one must understand it first, how it works and its value at the international stage. Otherwise you can lose money!
It is extremely important for any trader operating with digital assets to understand their nature and specific to be able to make trading decisions. Technical analysis works almost the same way - you can use all well-known patterns, such as triangles or trendlines. The only technical issue you should be aware is huge volatility caused by the lack of liquidity that could turn into substantiall price movements and spikes that sometimes could lead to losses. At the same time, fundamental analysis of cryptocurrencies is much more complicated since they compose particular features of equities, commodities and currencies simultaneously. Popular public cryptos like Bitcoin or ETH should be examined as currencies while it would be better to analyse altcoins as equities (in fact, trader has to analyse all infomation available about the team issued that altcoin, its experience and previous projects).
